The Effects of Price Changes in Marketable Securities Are Reported

question 30

Multiple Choice

The effects of price changes in marketable securities are reported _____.

• A)as a gain or loss on the income statement
• B)as an increase or decrease in stockholders' equity
• C)either as a gain or loss on the income statement or the balance sheet, depending upon the classification of the securities
• D)either as a gain or loss on the income statement, depending upon the number of shares owned